Increase to Tribunal awards effective from 1 February 2012

An increased limit on Employment Tribunal awards for unfair dismissal came into force with effect from 1 February 2012.

The maximum compensatory award of unfair dismissal has risen from £68,400 to £72,300.

The maximum amount of a week's pay (used when calculating statutory redundancy pay (amongst other things)) has risen from £400 to £430.